WOW Carwash - Blue Diamond & Durango

Highlights:

• 20-Year Absolute NNN Lease
• Qualifies For 100% Bonus Deprecation
• WOW Wash Midco II, LLC Corporate Guarantee
• High Traffic Intersection at Blue Diamond Rd. and Durango Dr. (±78,700 VPD)
• Over 282 feet of frontage on Blue Diamond Rd. and 330 feet of frontage on Durango Dr.
• Benefits from a daytime population of ±202,039 consumers within 5-miles

Description:

Colliers is pleased to present an exclusive opportunity to acquire ownership of a STNL WOW Carwash in the Las Vegas, NV MSA. The property benefits from a new 20-Year Absolute NNN lease and qualifies for 100% bonus depreciation – allowing investors tremendous tax savings in Year 1 of ownership.

The property is well positioned at the hard corner signalized intersection of Blue Diamond Rd. and S Durango Dr., with traffic counts in excess of ±78,700 VPD. The property is located within the highly desirable Blue Diamond retail corridor, with nearby national co-tenants including Albertsons, Planet Fitness, ROSS, Starbucks, Circle K, Maverick, Walgreens, Chevron, McDonald’s, Liquor World, Tire Works, Take 5 Oil Change and more! The asset benefits from a daytime population of ±202,039 consumers within 5-miles.

The property services a dense and mature trade area consisting of ±243,891 residents with an average annual household income of ±$133,884 within a 5-mile radius. The site is located within the Mountain’s Edge master planned community (±12,500 homes on ±3,500 AC) and is surrounded by affluent residential neighborhoods, including Southern Highlands. Additional infill of developed nearby housing communities, including the new Ironwood by Century located immediately north of the site, adding 105 single-family homes to the trade area.

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